{"id":2371,"date":"2020-09-01T17:53:00","date_gmt":"2023-03-31T20:19:03","guid":{"rendered":""},"modified":"2024-05-29T08:09:32","modified_gmt":"2024-05-29T08:09:32","slug":"market-daily-outlook-eurusd-forms-negative-divergences","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/market-daily-outlook-eurusd-forms-negative-divergences\/","title":{"rendered":"Market Daily Outlook – EURUSD forms negative divergences"},"content":{"rendered":"

FED’s dovishness and the positive news on the COVID-19 vaccine are pushing equities higher as August was one the best performed month over the last 30 years. Yesterday NAS100 recorded new highs again as Tesla and Apple split contributed decisively. Today all three major S indices maintain their positive bias. <\/span><\/p>\n

EU market is mixed and specifically, UK100 is the weakest today.<\/span><\/p>\n

Reviewing the forex market, EURUSD is forming a rising channel as shown in yesterday’s post. However RSI(14) is creating consecutive negative divergences which may indicate a potential to the bullish side. The 240m timeframe confirms the daily bias as the pair retraced after testing the upper channel. Currently, the price holds above the 100SMA in the 60m timeframe.  <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EURUSD daily
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EURUSD 240m
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EURUSD 60m
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 <\/p>\n

Checking the<\/span> ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is currently bearish on EURUSD.<\/span><\/p>\n

 <\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

FED’s dovishness and the positive news on the COVID-19 vaccine are pushing equities higher as August was one the best performed month over the last 30 years. Yesterday NAS100 recorded new highs again as Tesla and Apple split contributed decisively. Today all three major S indices maintain their positive bias.  EU market is mixed and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2371","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970035:4"],"rank_math_seo_score":["13"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"2120f40b10287b1376da289c1e420775\";s:6:\"images\";a:3:{i:0;s:56:\"\/image.axd?picture=\/2020\/01092020\/EURUSDDaily 192020.png\";i:1;s:53:\"\/image.axd?picture=\/2020\/01092020\/EURUSDH4 192020.png\";i:2;s:53:\"\/image.axd?picture=\/2020\/01092020\/EURUSDH1 192020.png\";}}"],"rank_math_analytic_object_id":["169"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2371"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2371\/revisions"}],"predecessor-version":[{"id":3993,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2371\/revisions\/3993"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}